Category: Economy

3 Things to Know About Today’s Jobs Numbers

3 Things to Know About Today’s Jobs Numbers

Investors are cheering today’s report from the Labor Department–sending the Dow Jones Industrial Average up more than 150 points. The report–which showed that the economy added 203,000 new jobs in November and that the...

Why Obscure Fed Policy Might Mean Higher Bank Fees

Why Obscure Fed Policy Might Mean Higher Bank Fees

Since the financial crisis, customers have gotten used to their banks cutting perks like debit card rewards and raising fees for account maintenance and other services. In the first half of 2013, bank customers...

Black Friday Flopped, But Cyber Monday Clicked With Online Shoppers

Black Friday Flopped, But Cyber Monday Clicked With Online Shoppers

Cyber Monday sales are expected to hit $2 billion, according to the research firm comScore. That’s a 36% increase over last year’s $1.47 billion in sales. Mobile devices, from smartphones to tablets, accounted for...

New Data Hint At Accelerating Economic Recovery

New Data Hint At Accelerating Economic Recovery

While some economy watchers have been disappointed by lackluster retail sales over the long Black Friday weekend, two other data points released Monday suggest the economic recovery is picking up steam. The Institute for...

Black Friday Shopping Weekend: The Essential Guide

Black Friday Shopping Weekend: The Essential Guide

Where are the best deals to be found? What’s necessary to snag the hottest doorbusters and freebies? Which deals are truly deals, and which are just hype? Read on to find out where, when...

Helping Your Family Doesn’t Have to Mean You Can’t Retire

Helping Your Family Doesn’t Have to Mean You Can’t Retire

An enduring legacy of the Great Recession has been the return to a profound sense of family. This was evident in polls throughout the downturn. Yet no one really knew if the feeling would...

It’s Definitely Time for Big Banks to Beware

It’s Definitely Time for Big Banks to Beware

The Senate Banking Committee held a confirmation hearing for Janet Yellen this morning, who has been nominated to be the 15th Chair of the Federal Reserve (and the first woman). Though Fed chairman and...

Walmart Sales Dip as Low-Income Americans Close Wallets

Walmart Sales Dip as Low-Income Americans Close Wallets

Walmart posted its third straight quarterly decline in United States sales on Thursday, pushing its stock price down 1.3 percent in pre-market trading and signaling a reluctance to spend among the company’s low-income customer...

Despite Mixed Headlines, Today’s Jobs Report is Still a Bummer

Despite Mixed Headlines, Today’s Jobs Report is Still a Bummer

The October jobs report came as a bit of surprise for analysts who were expecting the government shutdown to severely affect job growth, as the Labor Department announced the economy added a pretty robust...

Coporate America’s Hidden Hand in Government Programs

Coporate America’s Hidden Hand in Government Programs

A glitch earlier this month that kept food stamp recipients in 17 states from accessing their benefits drew attention to the role office giant Xerox plays in electronic benefits transfers. Last week, USA Today...